According to a recent report from an official government organization in El Salvador, its treasury currently holds 5,750 bitcoins. El Salvador has mined almost 474 bitcoins in the past three years, thanks to its geothermal power plant that uses volcanoes as fuel. Touted as a green alternative to Bitcoin mining, Vulcan Tekapa operates independently of any central bank.

The current administration of El Salvador, which is an ardent supporter of Bitcoin, has installed 300 Bitcoin mining processors on the Tecapa volcano. The El Salvadoran government-owned power plant produces 1.5 MW for cryptocurrency mining.

In 2021, El Salvador made headlines as the first country to accept Bitcoin as legal tender, and the current El Salvador regime's view of Bitcoin has been criticized for its bias towards the volatile cryptocurrency. According to information received from the government of El Salvador, crypto miners have shown interest in their project, including Foundry USA, ViaBTC, Ant Pool, F2Pool and Binance Pool.

The El Salvadoran government now says it has amassed a total of 5,750 bitcoins, worth approximately $354 million. Powered by a geothermal power plant powered by a volcano, El Salvador is on track to achieve another major cryptocurrency milestone. El Salvador is rapidly increasing its bitcoin holdings, pushing the cryptocurrency market to unprecedented heights. Recent reports have highlighted El Salvador's new initiatives and revealed important details. El Salvador has set up its own Bitcoin office to ensure its operations are up to date with the latest updates.